McEwen Mining Inc Stock Market Press Releases and Company Profile
Third Quarter 2013 Production Results
Third Quarter 2013 Production Results

Toronto, Oct 16, 2013 AEST (ABN Newswire) - McEwen Mining Inc. (googlechartNYSE:MUX) (googlechartTSE:MUX) is pleased to announce production results for the third quarter of 2013. During the third quarter, 36,495 gold eq. oz(1)(2) (20,483 gold oz and 832,594 silver oz) were produced.

This is 47% higher than the same period in 2012 and 2% higher than Q2, 2013. In the past 9 months ended September 30, 2013, McEwen Mining has produced 102,288 gold eq oz, and is on track to meet forecasted annual production of 130,000 gold eq oz. Production costs will be reported in November 2013 with Q3 financials.
"Both of our mines had another solid quarter of production. We remain on track to produce a total of 130,000 gold equivalent ounces in 2013", stated Rob McEwen, Chief Owner.

1. Gold eq oz = Gold equivalent ounces
2. Gold equivalent ounces are calculated at a ratio of 52:1.

San José Mine Operating Results
----------------------------------------------------------------San José - 100%*          YTD 2013     3Q13      2Q13     3Q12----------------------------------------------------------------Ore production (tonnes)    380,787   131,592   140,816   136,577Average grade gold (gpt)      6.57      6.59      6.34      5.24Average head silver (gpt)      435       446       407       402Average gold recovery (%)     89.8      91.9      89.3      91.1Average silver recovery (%)   86.6      89.5      85.5      87.9Gold produced (ounces)      72,298     25,610    25,610    20,967Silver produced (ounces) 4,615,526  1,689,237 1,575,442 1,552,358Gold equivalent Oz produced 161,058    58,095    55,907    50,820 ----------------------------------------------------------------	 	 	 	 McEwen Mining - 49% Share----------------------------------------------------------------Gold produced (ounces)      35,426     12,549    12,549    10,274Silver produced (ounces) 2,261,608    827,726   771,967   760,655Gold equivalent Oz produced 78,918     28,467    27,394    24,902
* McEwen Mining holds a 49% attributable interest in the San José mine.

El Gallo 1 Mine Operating Results in 2013
---------------------------------------------------------                             YTD 2013     3Q13      2Q13Ore production (tonnes)       927,281   285,212   346,896Average grade gold (gpt)         1.26      1.30      1.34Gold produced (ounces)         23,046     7,934     8,439Silver produced (ounces)       16,849     4,868     6,341Gold equivalent Oz produced    23,370     8,028     8,561---------------------------------------------------------


About McEwen Mining Inc

McEwen Mining NYSE:MUX

McEwen Mining (NYSE:MUX) (TSE:MUX) has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen's principal assets consist of: the San José mine in Santa Cruz, Argentina (49% interest); the Black Fox mine in Timmins, Canada; the Fenix Project in Mexico; the Gold Bar mine in Nevada, currently under construction; and the large Los Azules copper project in Argentina, advancing towards development.
 
McEwen has approximately 345 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns roughly 23% of the shares.

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Contact

Sheena Scotland
Investor Relations
Tel: (647) 258-0395 ext 410
Toll Free: (866) 441-0690
Fax: (647) 258-0408


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